MarketHighlights
Thegrowth of the Global Cabin Interior Composites Market can be attributed to theincreasing air passenger traffic and retrofit of old aircraft. However, delaysin aircraft deliveries and decreasing profitability of airlines in developingregions may hamper market growth.
Theglobal cabin interior composites market has been segmented based onaircraft type, composite type, process, end use, application, and region.
Onthe basis of aircraft type, the market has been divided into narrow-body andwide-body. In 2018, the narrow-body segment dominated the market and it isexpected to register the higher CAGR during the forecast period. Narrow-bodyplanes offer cost-efficiency and low fuel consumption, which is expected todrive the growth of the segment.
Basedon composite type, the market has been categorized as carbon fiber composite,glass fiber composite, and others. The glass fiber composite segment dominatedthe market in 2018. However, the carbon fiber composite segment is expected toexhibit the highest CAGR during the forecast period as these composites arecorrosion resistant and offer high stiffness.
Byprocess, the market has been classified as sandwich construction, compressionmolding, and others. The sandwich construction segment was the largest in 2018and is expected to be the fastest-growing during the review period. Cabininterior composites manufactured by sandwich construction process are durableand energy-efficient, which is expected to boost the growth of the segment.
Onthe basis of end use, the market has been segmented into OEM and aftermarket.In 2018, the OEM segment dominated the market while the aftermarket segment isexpected to exhibit the higher CAGR during the forecast period. Aftermarketplayers offer post-sale services such as customizations and maintenance; thesefactors are propelling the growth of the segment.
Basedon application, the global cabin interior composites market has been dividedinto floor panels, sidewall panels, ceiling panels, stowage bins, galleys,lavatories, seating, ducts, and others. The seating segment dominated themarket in 2018 and is expected to be the fastest-growing during the forecastperiod. Optimized seating and the use of new advanced composites such astitanium for aircraft seats are driving the growth of the segment.
Theglobal cabin interior composites market has been studied for four keyregions—North America, Europe, Asia-Pacific, and the rest of the world. NorthAmerica accounted for the largest market share in 2018. However, the market inAsia-Pacific is expected to register the highest CAGR during the forecastperiod. Factors such as the increasing aircraft fleet size and establishment ofassembly plants by aircraft OEMs such as Boeing and Airbus Group in China arebolstering market growth in the region.
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KeyPlayers
Thekey players in the global cabin interior composites market are AimAltitude (UK), Collins Aerospace, Inc. (US), Diehl Stiftung & Co. KG(Germany), FACC AG (Austria), JAMCO Corporation (Japan), The Gill Corporation(US), The Nordam Group LLC (US), Triumph Group (US), Safran (France), and BASFCorporation (Germany).
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